applicability of composition scheme

monica Garg (PRACTICE) (39 Points)

24 December 2017  
A registered person supply exempt service including service by way of extending deposit, loan or advances in so far as the consideration is represented by way of interest or discount.
my query is whether the above any registered person is eligible for composition scheme or not?
the above registered person may be restaurant/outdoor catering service provider or any other supplier of goods.